Discrimination Still a Big Problem in the American Economy

American economics has been influenced throughout the years by various types of discrimination. Discrimination is defined by the Oxford Dictionary as the unjust or prejudicial treatment of differential categories of people or things, especially on the grounds of race, age, or sex. Despite the much advancement in workplace law, America still falls short in achieving an equal playing field across all categories. The economy of America continues to suffer today from the inequalities that exist from discrimination. Becker describes, â€Å"discrimination in the market place by any group reduces their own real incomes as well as those of the minority†. (127) Discrimination affects our economy both directly and indirectly. New York Times wrote†¦show more content†¦And for those without work, human resource departments are looking to hire the younger people for obvious reasons. The younger candidates may be less experienced but the bottom line is that the companies see them as much less expensive, their pay rate being much lower. Another strong advantage that the younger generation has to offer is their technology skills being more advanced and proficient. The older generation is assumed to be averse to technology, making them have a learning curve in many industries that out weighs what their prior experience may bring to the table. Being passed over for promotions, forced early retirement, and being laid off are some of the challenges that the older generation face during these challenging economic times. Laurie McCann, senior attorney for AARP is quoted saying â€Å"Despite the fact the United States’ Age Discrimination in Employment Act (ADEA) has been in place for over 35 years, age discrimination in employment remains pervasive.† (4-5) Turn over rates of employment is as high as 40% in some industries and this is an acceptable number. 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